Introduction of GST

This query is : Resolved

Edward_xerox (Querist)
Follow

25 October 2009 If the introduction of GST regime would render the present Excise law, custom law, Service Tax , VAT , CST go redundant & obsolete .
Kindly provide a crystal clear picture of Tax scenario after induction of GST .

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
Follow

25 October 2009 There will be one Central Indirect tax and One State indirect tax but the legislators are prposing for one indirect tax through out the country which states are not agreeing at the moment. You have to wait for some more months to get clear picture about this.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
Follow

25 October 2009 agree

Edward_xerox

Edward_xerox (Querist)
Follow

28 October 2009 Butsir!
My query is also about, if under the GST regime the existing CEA , Customs Act, Service tax , Vat & CST would go zero or else ?
To be more precise ,if one has to prepare a new playing field from the scratch or the already read & practised concept of the "Taxes"as above -mentioned would be of any avail/advantage /benefit?

kindly respond .
thanks

Edward_xerox

Edward_xerox (Querist)
Follow

01 November 2009 Answer babu ! someone

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now